Forbes February 11, 2025
Medicare is failing patients and physicians. After adjusting for inflation, physician reimbursement under Medicare has declined by 33% from 2001 to 2025, according to the American Medical Association. Over the same period, Medicare payments to hospitals surged by nearly 60% while hospital executive salary has also skyrocketed 93% over a decade.
How can private practice physicians stay in business to continue providing care for patients? Physicians are bracing for yet another 6% reduction in take home pay this year.
A recently proposed bill, the Medicare Patient Access and Practice Stabilization Act co-sponsored by Congressman Gregory Murphy M.D (R-NC) Congressman James Panetta (D-CA) and eight other House members seeks to address this issue. The bill aims to reverse the Medicare cut...
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